Apple Inc. is the richest and most iconic corporation in the world. In 2010 Apple became the most valuable brand, with an 84% jump in brand value to $153.3 billion. By March 2015 Apple’s revenue was up to $212.2 billion, while in February 2015 Apple attained a market capitalisation of $770 billion, nearly double that of ExxonMobil, Google and Microsoft. Apple’s large profit margins have contributed to a cash hoard of $193.5 billion, which means that the company has more cash on hand compared to cash balances of most industries in the United States combined. In a stark illustration of how extreme inequality disfigures operations in global value chains, Apple’s abundant wealth ultimately rests on the suffering of young workers in electronic sweatshops where human rights, labour standards, environmental safety, and business integrity are routinely ignored.
Supply chains that deliver everyday products to our fridges and tables can link unsuspecting consumers to labour and human rights abuses. Supply chain transparency is a better answer to the issue of worker abuse than “cracking down” on visas, which can make workers more vulnerable to exploitation.
Australian fashion companies lack transparency around their supply chain or do not have full knowledge of where their raw materials are being sourced from, leaving workers including children at risk of exploitation, an audit has found.
In the space of a few years, concepts like meta-data and surveillance drones have become commonplace in news reports and public debate. While many of us are justifiably worried about information technology and privacy violations, we ourselves contribute to these observational practices on a daily basis. Facilitated by technological advances, it has become possible to monitor nearly every kind of human experience. Self-surveillance might well be the last piece in the puzzle.
While the movement to eradicate child labour has gained significant pace, there is still a lot of ground to be covered and work to be done by companies and investors in conjunction with trade unions and NGOs, writes CSR researcher Martijn Boersma from Catalyst Australia.
In its latest report, Catalyst Australia examines the efforts and collaboration of global unions, NGOs, companies, and investors in dealing with child labour in global supply chains.
The fragmentation of global production has dramatically increased the length and complexity of supply chains. The Organisation for Economic Co-operation and Development (OECD) estimates that more than half of the world’s manufactured imports are intermediate goods. These are used as inputs in the production of other goods, sourced from different parts of the globe.
At first sight child labour may not appear to be a material issue for Australian companies and investors. However the fragmentation of global production and trade has dramatically increased the length and complexity of supply chains, which can lead to lack of oversight and worker exploitation. The global movement to eradicate child labour has gained significant pace over recent years. Increasingly, global unions and NGOs collaborate with companies and investors to find ways to deal with the risks of child labour in global supply chains. This report looks at those efforts.